Two major Russian insurance companies launch investment life insurance linked to Bitcoin "

Crypto 7x24

2025-07-04 10:17:46

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According to online reports, Cyptoslate quoted local media reports that two large Russian insurance companies, Renaissance Life and BCS Life Insurance, have launched investment-based life insurance policies (ILIP) linked to Bitcoin. These innovative policies allow investors to invest in BlackRock's iShares Bitcoin Trust Fund (IBIT), which is the largest Bitcoin ETF by asset size under management. These ILIPs are designed for high-net-worth individuals who want to profit from Bitcoin price fluctuations without having to directly hold Bitcoin.

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